130675

Refinance Analyzer

Use the Refinance Analyzer below to estimate the potential profit and return on investment from your next deal. Edit the assumptions to adjust the calculation.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$191,822

Cash Out Proceeds

$6,577

Annual Net Cash Flow

$3,089

New Loan Payment

1.18

Debt Service Coverage

Refinance Cost
New Loan Amount
$452,768
Current Loan Payoff
$241,500
Loan Points
$9,055
Loan Closing Costs
$10,391
Total Refinance Cost
$260,946
Total Cash Out Proceeds
$191,822

Loan Terms
New Loan Amount
$452,768
Monthly Loan Payment
$3,089
Interest Rate
7.25%
Property Net Cash Flow
$43,641
Annual Loan Payment
$37,064
Debt Coverage Ratio
1.18

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$3,169
Title Search
Wire/Courier
Recording and Mortgage
Lender Underwriting Fee
Appraisal
Escrow/Settlement Fee
HOA Report/Estoppel/Unpaid Dues
Lender Processing
Prepaid Loan Reserve
(Months)
$0
Prepaid Insurance Premium
(Months)
$2,656
Misc.
Total Loan Closing
$10,391

Rental Income
Monthly Market Rent
$5,000
Potential Gross Rent
$60,000
Vacancy Factor
%
$3,000
Effective Gross Rent
$57,000
Property Taxes
%
$10,202
Hazard Insurance
%
$2,656
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$13,359
Net Operating Income
$43,641
Annual Loan Payment
$37,064
Net Cash Flow After Debt Service
$6,577
Debt Coverage Ratio
1.18
Favorite & Email Results
Disclaimer: Information on estimated costs and profitability is provided for informational purposes and is deemed to be valid and reliable, but is not guaranteed. It is your sole responsibility to independently confirm and verify all information upon which you may rely or use.